Affordable
Expensive
Expensive
Colorblind friendly
off
These days, finding an affordable place to live in the Medical District area can be challenging. Home prices in Medical District are now at a median cost of $209,932, lower than the Memphis average of $244,390.
The average cost of rent is $856/mo in Medical District, primarily driven by the current value of real estate in the Medical District area. In Medical District, 92.74% of households rent, and 71.93% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Medical District is $2,176 per month. Households that rent pay about 39.32% of their income on rent here. Medical District’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Downtown Memphis, Memphis, TN: less expensive homes
- Crosstown, Memphis, TN: higher priced homes
- Midtown-Memphis, Memphis, TN: equally priced homes
- East Memphis-Colonial-Yorkshire, Memphis, TN: higher priced homes
- Berclair-Highland Heights, Memphis, TN: less expensive homes
- Shelby Forest-Frayser, Memphis, TN: less expensive homes
- White Haven-Coro Lake, Memphis, TN: less expensive homes
- Raleigh, Memphis, TN: less expensive homes
- Parkway Village-Oakhaven, Memphis, TN: less expensive homes
- River Oaks-Kirby-Balmoral, Memphis, TN: higher priced homes
Neighborhoods with Similar Populations
- South Hill, Bloomington, IL: less expensive homes
- Jeff Davis, Richmond, VA: less expensive homes
- Jonestown, Baltimore, MD: higher priced homes
- Junction West, Roseville, CA: higher priced homes
- Jungle Terrace, St. Petersburg, FL: higher priced homes
- Second Creek, Mobile, AL: higher priced homes
- Shockoe Bottom, Richmond, VA: higher priced homes
- Skybrook, Huntersville, NC: higher priced homes
- Somerset Park, Willingboro, NJ: higher priced homes
- Soulard, St. Louis, MO: higher priced homes
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